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Understanding section 72 notices on your property title
When reviewing a property title, you may notice a reference to Section 72 of the Building Act 2004, or in some cases, its predecessor under the Building Act 1991. While it can look like a routine technical notation, a Section 72 notice is anything but minor. It signals that the land is affected by a known natural hazard and can have far-reaching consequences for property owners, buyers, developers, lenders, and insurers alike.
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